Saturday, January 31, 2009

Good Government Spending?

The massive work projects following the Great Depression kept our nation's economy depressed longer than most of the rest of the world. It forced many of our citizens into low-paying jobs for years on end. The only benefit was to the government: the cheap labor to build infrastructure. If it hadn't been for the high labor demand (caused by the advent of WW2), we would have been affected even longer.

Why would we as a nation ask for that again? If this administration fails to stop the flow of funds to bad loans, all of this spending will do nothing other than increase inflation.

I'm reminded of a quote by Hegel:
    What experience and history teach is this -- that people and governments never have learned anything from history, or acted on principles.
"Good Government Spending" is never "good" for us, it's an oxymoron -- akin to "government intelligence" (intelligence is never encouraged by bureaucracy, it's quashed by it), "social security" (what socialist nation is safe? they just lack freedom), and a host of other failed government programs of the past.

1 comment:

Jennifer Hudson Taylor said...

Three cheers! Yes, our economy is in a mess and I'm very concerned about the ideas so many people have in how to fix it. After a while, it comes down to common sense, and it seems, so many lack it. Even the educated ones. Why?